Tel Aviv will get three more skyscrapers: one on the Lieber compound on the border of the southern neighborhoods of Florentin and Neve Tzedek; the second on Rothschild Boulevard; and the third on Hamasger Street in the commercial district.
The National Planning and Building Commission yesterday dismissed a petition by the Tel Aviv Local Planning and Building Commission against the request by Intercolony Investments Ltd. (TASE:INTCL) (formerly American Colony) to rezone the Lieber lot to mixed residential, commercial and industrial use, including 150 apartments.
Tel Aviv Local Planning and Building Commission Doron Sapir said, "It's a shame that the National Planning Commission chose to reject the Local Commission's appeal. To accept residences as use on a mass-transit route is a waste of public money."
Yesterday, the Tel Aviv Regional Planning and Building Commission approved the Aviv on Rothschild project of Aviv & Co., and increased the building's height to 30 floors from 21.
The Tel Aviv Regional Planning and Building Commission also accepted for deposit for the 20-storey Beit Ozeri project by Achim Ozeri Ltd. The project is planned as a green building.
Published by Globes [online], Israel business news - www.globes-online.com - on June 29, 2010
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